All Countries
Wallace, IN
Full City Profile · Indiana · Parke County County
Wallace, IN
At a Glance
How Wallace Compares to the U.S. Average
Each bar shows Wallace's value as a percentage of the national average (100% = U.S. avg)
Is Wallace a Good Place to Live?
Economy & Jobs
Wallace residents earn a median household income of $65,625 , which is 13% below the national average of $75,149. Per capita income is $26,001. The unemployment rate stands at 1.1% (69% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 326 business establishments, including 28 restaurants.
Housing & Cost of Living
The median home value in Wallace is $92,500 , 67% below the national median of $281,900. Zillow estimates the typical home at $141,057. The cost of living index is 93.3 (100 = national average). The median home was built in 1938.
Safety & Crime
Wallace reports 1,261 violent crimes per 100,000 residents , which is 232% above the national average of 380/100K. Property crime is 2,834/100K.
Education
12.9% of adults in Wallace hold a bachelor's degree or higher (62% below the national average). 96.8% have completed high school. Local schools score 5.4/10 in standardized testing.
Climate & Weather
Wallace has an average annual temperature of 52°F (11°C). Winters average 27°F in January while summers reach 74°F in July. The area gets 293 sunny days per year. Annual precipitation totals 47.4 inches. Air quality is rated Good with a median AQI of 41.